Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
bond-basics
Tax-Exempt Bonds
A Bond, the Interest on which is excludable from gross income for federal income tax purposes.
See Also
Tax
Compulsory charges levied by a governmental unit for the purpose of raising revenue.
Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
In Contrast To
Taxable Bond
A bond, the interest on which is not excludable from gross income for federal income tax purposes.
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Hundreds of Terms and Concepts
Revenue Fund
A fund into which pledged revenues may be required to be deposited as received and from which disbursements are made to pay allowable operations and maintenance expenses and to meet debt service requirements and deposit requirements to other funds.